LightInTheBox (NYSE:LITB) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of LightInTheBox (NYSE:LITB – Get Rating) in a report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

NYSE:LITB opened at $1.17 on Friday. The company has a 50-day moving average of $1.12 and a 200-day moving average of $1.16. The company has a market capitalization of $132.28 million, a price-to-earnings ratio of 10.64 and a beta of 0.28. LightInTheBox has a 52 week low of $0.87 and a 52 week high of $3.06.

LightInTheBox (NYSE:LITB – Get Rating) last posted its quarterly earnings data on Wednesday, March 30th. The technology company reported $0.07 earnings per share for the quarter. LightInTheBox had a net margin of 2.94% and a return on equity of 22.75%. The firm had revenue of $113.15 million during the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of LITB. Virtu Financial LLC acquired a new position in shares of LightInTheBox in the fourth quarter valued at about $36,000. Invesco Ltd. bought a new position in shares of LightInTheBox in the fourth quarter worth about $53,000. Citadel Advisors LLC raised its holdings in LightInTheBox by 99.3% in the 3rd quarter. Citadel Advisors LLC now owns 33,645 shares of the technology company’s stock valued at $46,000 after buying an additional 16,761 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in LightInTheBox by 43.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,849 shares of the technology company’s stock valued at $30,000 after buying an additional 6,640 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in LightInTheBox during the 2nd quarter valued at approximately $279,000. Institutional investors and hedge funds own 54.25% of the company’s stock.

About LightInTheBox (Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly from manufacturers to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, electronics and communication devices, and other products.

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